Proponents of the minimum wage implicitly assume that the ____ if they discount the unemployment effects of the policy.
A) supply curve for unskilled workers is inelastic
B) supply curve for unskilled workers is highly elastic
C) demand curve for unskilled workers is inelastic
D) demand curve for unskilled workers is highly elastic
Correct Answer:
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A)decreasing returns to scale cause
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Q23: Which of the following two statements is
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Q26: Which of the equilibrium points on the
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